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Provenir Named Finalist for US FinTech Awards 2022 for FinTech of the Year and Data Initiative of the Year

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Provenir Named Finalist
for US FinTech Awards 2022 for FinTech of the Year and Data Initiative of the Year

The US FinTech Awards 2022 celebrate the fintech market, and the achievements and successes of the country’s best and brightest fintech companies, products, teams, and individuals

Parsippany, NJ — Sept. 6, 2022 — Provenir, a global leader in AI-powered risk decisioning software for the fintech industry, today announced that it is a finalist in the “FinTech of the Year” category and “Data Initiative of the Year” category for the US FinTech Awards 2022.

Winners will be announced during a live streaming awards ceremony at 4 p.m. ET on Sept. 15. To register for the awards ceremony, please visit: User Registration – US FinTech Awards.

Now in its second year, the US FinTech Awards promises to be the benchmark by which financial services modernization and technological progress in the world’s premier financial services center are judged. The awards program is organized by FinTech Intel, the global market intelligence platform for financial services technology.

“Provenir is honored to be named a finalist for both ‘FinTech of the Year’ and ‘Data Initiative of the Year’, underscoring the significance of smarter, scalable risk decisioning that fintechs and financial services providers need to remain relevant and competitive,” said Kathy Stares, Executive Vice President, North America, at Provenir. “Provenir’s AI-Powered Decisioning Platform delivers a unique combination of data, decisioning and AI that provides the foundation for more accurate, automated risk decisions across the customer lifecycle – allowing organizations to stay focused on innovation and the customer experience.”

Provenir’s industry-leading AI-Powered Decisioning Platform is data-fueled and AI-driven for smarter risk decisioning. It is comprised of three essential components that enable financial institutions to rapidly overcome the challenges that hold them back – data integration, AI deployment and decisioning automation, all via a centralized, no-code platform.

The solution empowers fintechs and financial services organizations to unlock the true value of data, combining universal data access through the Provenir Marketplace with simplified AI and automated, real-time decisioning. With data more accessible and usable than before, financial institutions can automate complex decisions that drive world-class customer experiences, addressing identify, credit and fraud for quicker onboarding and serving.

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IBS Intelligence Podcast – AskIf

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IBS Intelligence Podcast –
AskIf

According to The Rose Review, access to and awareness of funding was highlighted as the number one issue for female entrepreneurs. Women launch businesses with 53% less capital on average than men, are less aware of funding options and less likely to take on debt.

In honor of Women’s Equality Day celebrated on Aug 26th, Samantha Bamers, the Founder and CEO of micro-lending firm Ask Inclusive Finance (AskIf), discusses how far the financial services industry still needs to go to ensure equality and inclusion in lending.

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The Fintech Times: What is Holding Back Financial Inclusion?

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The Fintech Times:
What is Holding Back Financial Inclusion?

Financial inclusion and financial capability continue to be top priorities for global governments and financial services providers. Kim Minor, Senior vice President, Global Marketing for Provenir, shares her perspective on the role data and AI can play in closing the gap to inclusive finance.

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Being Scalable, Robust & People Centric Helps in Building Successful AI Implementation: Varun Bhalla

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Being Scalable, Robust & People Centric Helps in Building Successful AI Implementation:
Varun Bhalla

In this fireside chat with Bfsinxt.com’s Kailash Shirodkar, Varun Bhalla, Provenir’s Country Manager for India, talks about how fintech players can leverage and improve their risk decisioning capabilities by enhancing their AI and ML capabilities. 

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Data-as-a-Service: The Next Transformation for India’s Financial Institutions

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Data-as-a-Service:
The Next Transformation for India’s Financial Institutions

With India’s analytics market expected to reach INR 11,200.42 billion by 2027, financial institutions in the country will become dependent on more data to speed up innovation, deliver unparalleled customer experiences and build the resilience. 

In this Dataquest article, Varun Bhalla, General Manager, India for Provenir, explains how data marketplaces provide easy access to many types of data, allowing businesses to deliver higher value, eliminate risk and become the disruptor instead of the disrupted.

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DaaS: a New Frontier for Credit Decisioning

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DaaS:
a New Frontier for Credit Decisioning

The Manila Times

In this interview with The Manila Times, Bharath Vellore, General Manager, Asia Pacific for Provenir, discussed how Data-as-a-Service cloud software can help the banking and finance industry gain deeper insights on credit risks so financial institutions could better serve the unbanked and improve fraud detection.

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Five Key Features for Creating the Optimal Risk Decisioning Solution

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Five Key Features
for Creating the Optimal Risk Decisioning Solution

Risk-decisioning ecosystems must be designed to intelligently serve customers and create world-class customer experiences. To this end, banks and fintechs need solutions that unify credit decisioning, AI and machine learning, with real-time access to external and internal data sources to auto optimize decisions—along with the impact of those decisions—across your entire customer lifecycle.

In this article, Kim Minor, Senior Vice President of Global Marketing at Provenir, discusses the five key features that are quintessential for a modern risk decisioning platform:

  • No-code management
  • Easy access to real-time and historical data
  • Data and AI-powered decisioning across the customer lifecycle
  • Auto-optimization for decisioning that gets more accurate the more it’s used
  • Scalability

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Flexiplan Slashed Credit Approval Time While Managing Risk More Effectively

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Flexiplan Slashed Credit Approval Time
While Managing Risk More Effectively

The motorcycle financing company selected Provenir to power its growth and expansion

MIAMI, FL (MAY 25, 2022) – Provenir, a global leader in AI-powered risk decisioning software, announced today that Flexiplan, the El Salvador-based motorcycle financing company, has implemented Provenir to meet all its credit needs, including real-time loan approval, process automation and easy API integration.

With more efficient decisioning processes, Flexiplan can manage risk more effectively, giving it the agility to respond quickly to customers through its digital platform and point of sale while driving business growth. With the real-time insights delivered by the Provenir platform, Flexiplan expects to approve up to 60 loans in the time it would have previously taken to approve one.

Flexiplan helps motorcycle dealers increase sales while providing valued customers for bank partners. The company is built upon the belief that flexible credit enabled by modern technology is a powerful tool to promote commerce and a better quality of life for consumers. Flexiplan needed a flexible platform that delivered more agile and effective credit risk management and decisioning to grow and scale its business as it plans to expand to multiple countries in Central America and the Caribbean.

Tito Gutiérrez, CEO of Flexiplan emphasized, “Provenir is very versatile as it allows us to seamlessly adapt our business behavior to what the market requires, and we are considering the use of alternative data in the future to further improve the approval process.”

“It has been a pleasure to contribute to Flexiplan’s digitalization journey and continued growth with Provenir’s AI-powered decisioning solutions, allowing for loan approvals in milliseconds, said Jose Vargas, Executive Vice President, LATAM, for Provenir. “The niche segment of motorcycles has experienced regional growth over the past few months, and Flexiplan is well-positioned to take advantage of it and make waves in El Salvador and beyond. Provenir’s flexible platform, which can be seamlessly adapted to various markets, can easily enable Flexiplan to expand its business.”

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Industry Veteran, Pedro Arlant Joins Provenir to Lead Global Expansion in Brazil

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Industry Veteran, Pedro Arlant
Joins Provenir to Lead Global Expansion in Brazil

AI-powered risk decisioning provider increases investment in Brazil to engage with fintech innovators

Parsippany, NJ — June 6, 2022 — Provenir, a global leader in risk decision-making software using artificial intelligence, announced the appointment of Pedro Arlant as Commercial Executive based in Sao Paulo, Brazil. Arlant will focus on growing Provenir’s business and presence in Brazil.

Arlant brings more than 20 years of experience in the financial services sector. Prior to joining Provenir, he most recently served as commercial head for fintechs and financial institutions at Clicksign and commercial director for South America Global Market Intelligence.

With a BA in International Relations/Business Administration from Boston University, an MBA from INSPER and a Management Excellence Program diploma from Harvard Business School, Arlant has extensive experience leading commercial and relationship management teams in areas such as credit risk, technology, fintech, data and analytics.

“Provenir has revolutionized how risk decisions are made to meet the ‘real-time’ expectations of today’s consumer. I am delighted to be joining such a visionary team and helping organizations in Brazil increase both the speed and accuracy of decision making”, said Arlant.

“Pedro has a deep understanding of the financial services market in Brazil and strong relationships having served as a trusted advisor to many organizations,” said Jose Vargas, Executive Vice President of Provenir LATAM. “The need to improve the customer experience is driving innovative fintechs and banks in Brazil to seek out real-time decisioning solutions. Pedro will lead our efforts to address the growing demand for Provenir’s AI-Powered Risk Decisioning Platform.”

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Data Fueled. AI Powered. The Secret to Smarter Decisioning

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Data Fueled. AI Powered.
The Secret to Smarter Decisioning

The way consumers interact with financial services products is changing, rapidly – consumers expect instant decisions, personalized offers and automated, digital experiences. And there is a need to gain deeper insights from more data sources to power a new level of decisioning speed and accuracy, financial inclusion and fraud prevention.

In this interview with Financial IT, Carol Hamilton, SVP, Global Solutions for Provenir, discusses how alternative data and AI play a huge role in improving risk decision-making, supporting fraud prevention and making financial services more accessible and inclusive.

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